SCMDOJO

FEBRUARY 29, 2024

Supplier rating may lead either to re-approval or reappraisal and removal from the list of approved suppliers. If we try to interview supply chain managers or supplier quality managers and ask them how many of them measure supplier performance, around 50-75% will answer with a YES. Where do I begin?

Vendor Strategies 55

Vendor Strategies Resource Reduction Price Reduction Procurement Analytics 55

Unleashed

FEBRUARY 17, 2019

Manufacturers typically perform planning, sourcing (finding suppliers), making (manufacturing), delivering and returns. Traditionally, supply chain management was a top-down approach. Below we outline four strategies to improve supply chain efficiency for manufacturing business owners.

Sourcing Strategies 70

Sourcing Strategies Waste Reduction Resource Reduction Cost Reduction Strategies 70

Taulia

JUNE 26, 2023

Stages of the supply chain A supply chain represents the flow of goods, materials, and services that underpin business operations, from sourcing raw materials to delivering finished goods. Each business has its own supply chain and is responsible for constructing and managing it to suit its unique objectives.

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 52

QAD

AUGUST 26, 2021

Because manufacturers are constantly pressured to increase productivity, deliver quality products, delight customers and achieve greater profitability and sustainability, they are turning to new technologies such as artificial intelligence. Manufacturers face four main challenges from achieving the promise of artificial intelligence.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Manufacturing Procurement 98

QAD

MARCH 30, 2021

This latest release further enhances our Cloud ERP capabilities and our customers’ ability to boost business intelligence, innovation and business agility required by today’s manufacturers. For QAD Adaptive ERP and QAD Adaptive Applications, the latest enhancements include: Effective Enterprise Management. Digital Manufacturing.

Manufacturing Procurement 77

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Optimization Software 77

QAD

JULY 7, 2022

A recent Quality Digest article suggested that “ethical supply chain management is being fueled by consumer demand, profitability, and visibility. The concept of ethical sourcing has risen in popularity during the past four years.” . Despite this, Apple claims its suppliers uphold fair labor and human rights standards.

Purchasing Skills 98

Purchasing Skills Manufacturing Procurement Cost Reduction Strategies Procurement Analytics 98

Precoro

JUNE 6, 2022

Suppliers are placed at the supply chain's beginning and provide goods or services to the companies for further processing. Suppliers can provide raw materials for manufacturing products or act as an intermediary between the manufacturer and the buying company. Check-list for Distinguishing Vendor from Supplier.

Manufacturing Procurement 98

Manufacturing Procurement Purchasing Skills How To Procurement Solutions 98

Supply Chain Matters

MARCH 12, 2024

The development, initially reported by The Wall Street Journal citing informed sources, involves the interviewing of passengers and crew members who were on-board the aircraft at the time of the incident. Paid subscription). This report accounts for the notions of unconforming quality repair needs that are termed traveled work.

Quality 52

Quality Alaska Manufacturing Procurement Supply Chain Design Software 52

Supply Chain Game Changer

MAY 27, 2020

Most, but not all companies, have ensured that their manufacturing know-how and secret sauce have remained inside their American engineering teams, but some may have had to relinquish control and exposure to those important day-to-day production details. Loss of manufacturing know-how is a loss of leverage. Supplier Management.

Price Reduction 132

Price Reduction Cost Reduction Strategies Material Savings Purchasing Skills 132

Unleashed

JUNE 8, 2023

Behind every successful product business is a thoughtful procurement strategy designed to optimise the supplier management and purchasing process. Procurement is the process of sourcing suppliers , negotiating sales terms, and purchasing the goods a company needs to run its daily operations.

Procurement Solutions 52

Procurement Solutions Sourcing Strategies Vendor Strategies Material Savings 52

Precoro

NOVEMBER 13, 2023

One of the ways that procurement teams improve this figure is by tracking and improving the purchase price variance (PPV) metric. In this article, we'll explain what PPV is, why it matters, and how tracking this metric can benefit your procurement processes. It can also highlight the future financial risks for the business.

Purchasing Skills 98

Purchasing Skills Procurement Analytics Negotiating Skills Negotiate Pricing 98

Supply Chain Game Changer

AUGUST 23, 2022

Investopedia defines the Cash Conversion Cycle as “a metric that expresses the time (measured in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales. ” Whichever name you choose to put on this cash management metric and process, the end result is the same.

Negotiate Pricing 94

Negotiate Pricing Supply Chain Software Procurement Analytics Manufacturing Procurement 94

Unleashed

JANUARY 16, 2024

Landed cost is a crucial metric for understanding profitability at the product level. The landed cost metric is helpful for businesses because it produces an accurate picture of a product’s total cost. Some manufacturing accountants include production costs in the calculation, while others do not. Does landed cost include tax?

Cost Reduction Strategies 52

Cost Reduction Strategies Material Savings Price Reduction Inventory Reduction 52

Supply Chain Opz

JANUARY 3, 2022

The Supply Chain Revolution: Innovative Sourcing and Logistics for a Fiercely Competitive World Pros: This book will show you how to plan and execute sourcing strategies like the world's leading companies. The "glossary" section is quite useful for someone new to logistics management. The links below are paid links.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Optimal Sourcing Six Sigma Supply Chain Planning Software 130

Supply Chain Shaman

JUNE 6, 2013

Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. It combines decisions across sell, deliver, make and source processes to drive value based outcomes. Metrics Alignment. Most companies operate well within functions, but struggle to build strong horizontal processes.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 278

Taulia

OCTOBER 20, 2021

This encompasses sourcing raw materials from suppliers, the movement of materials through the relevant manufacturing operations, and the distribution of finished goods to consumers. As such, an efficient supply chain is one in which orders are fulfilled by suppliers on time, while minimizing operational costs.

Sourcing Strategies 105

Sourcing Strategies Optimal Sourcing Supply Chain Software Supply Chain Optimization 105

SCMDOJO

APRIL 26, 2023

Category management may involve the splitting of products (goods or items) or services or may relate to the dissecting of products or services by value, supplier, type, or volume into various categories to allow for easy management and sourcing. What will a Category Management plan entail?

Procurement Solutions 76

Procurement Solutions Manufacturing Procurement Procurement Analytics Optimal Sourcing 76

Oracle SCM

MAY 22, 2018

Accordingly, in many companies Quality Management has been addressed already - but with an approach that does not lead to success: It’s typical for a large organization to have implemented multiple quality management processes, data models, and applications over time. Inability to view real-time metrics. .

Quality 68

Quality Optimal Sourcing Procurement Analytics Manufacturing Procurement 68

Unleashed

JANUARY 16, 2023

Conversely, a 3PL provider can also be hired to complete a single task, such as managing customer returns. 3PL providers can reduce the stress of managing high order volumes by taking care of numerous fulfilment tasks. The 3PL provider updates the new stock levels in their inventory management system.

Third Party Logistics 98

Third Party Logistics Logistics Network Optimization Software 3PL Inventory Management Software 98

ThroughPut

DECEMBER 8, 2023

In the context of supply chain management, prescriptive analytics leverages raw historical data and performance data to determine the best probable courses of action, supporting supply chain decisions through network design, inventory and warehouse optimization, and supplier management.

Prescriptive Analytics Software 52

Prescriptive Analytics Software Optimal Sourcing Modeling Procurement Analytics 52

QAD

JUNE 28, 2022

And, also served as a wake up call across the manufacturing and other industries, not just the textile and garment segment. Now they want to know what acre of land it was grown on, the source of the water and the living conditions of the workers.” The incident claimed over 1,100 lives and injured over 2,500 people.

Cost Reduction Strategies 91

Cost Reduction Strategies Supply Chain Planning Software Supply Chain Optimization Supply Chain Planning 91

Unleashed

DECEMBER 10, 2023

OMS vs ERP: Shared features and functions OMS and ERP systems have similar features and functions, including: Data collection and analysis – OMS and ERP systems collect and store data from various sources, including sales, purchases, inventory, and customer information. ERP vs OMS: Which is right for me?

Inventory Management Software 52

Inventory Management Software Supply Chain Design Software Supply Chain Planning Software Demand Planning Software 52

Precoro

SEPTEMBER 2, 2022

For some businesses – usually smaller or with a single-source purchasing flow – it may be sustainable to react to the immediate needs. However, growing organizations that face increasing complexity recognize the value of thoughtfully-planned and managed procurement. Do you need to contract vendors or suppliers? Or both?

Manufacturing Procurement 98

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 98

QAD

OCTOBER 4, 2023

History of Supply Chain Analytics Supply chain analytics began as the idea of scientific management outlined in Frederick Taylor’s 1911 publication of The Principles of Scientific Management. AI helps manufacturers and business leaders automate the tedious tasks required by staff. What is Supply Chain Analytics Software?

Prescriptive Analytics Software 52

Prescriptive Analytics Software Analytics Software Supply Chain Planning Software Supply Chain Design Software 52

Supply Chain Game Changer

NOVEMBER 5, 2019

As such it can, out of necessity, become a source of rogue buying behaviour and risky purchases. For the sake of having a proper MRO Procurement, Inventory Management, and Supplier Management organization and business process in place you can avoid phenomenal risks to the survival of your business. Need I say more?

Manufacturing Procurement 51

Manufacturing Procurement Procurement Analytics Procurement Solutions Eliminating Excel in Purchasing 51

Precoro

SEPTEMBER 4, 2023

Morgan Working Capital Index 2020 , there is significant capital trapped in the form of working capital that can become a vital source of additional liquidity for corporations. The cash conversion cycle (CCC), also called the net operating cycle, is a metric used to measure the efficiency of a company's cash management and liquidity.

Optimal Sourcing 59

Optimal Sourcing Negotiate Pricing Inventory Reduction Material Savings 59

Supply Chain Game Changer

SEPTEMBER 21, 2021

Most of the pre-pandemic Inventory Management strategies were centred around improving inventory turnover, keeping inventory levels as low as possible, and reducing the amount of cash tied up in inventory. Inventory Management Headwinds. The pandemic should have caused a fundamental shift in thinking in regard to inventory management.

Inventory Reduction 52

Inventory Reduction Inventory Material Savings Modeling 52

Unleashed

APRIL 16, 2023

Tracking software follows the inventory from the supplier to the manufacturer, to ensure it is being delivered on time and as expected. You’re struggling to track business metrics. Being across key business metrics makes decision-making immeasurably easier. What is inventory tracking software?

Inventory Management Software 52

Inventory Management Software Supply Chain Planning Software Forecasting Software Demand Planning Software 52

Unleashed

FEBRUARY 28, 2021

A manufacturing production planning and scheduling solution, Orchestrate is designed for day-to-day scheduling, capacity planning and ‘what if’ analysis – a feature that lets users investigate how best to increase production efficiencies, while still improving delivery. Industries using cloud-based supply chain management software.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Design Software Inventory Management Software Analytics Software 98

Taulia

JULY 5, 2021

As buyers source components from several suppliers, they often implement a VMI program at a third-party warehouse near the production or assembly location. Suppliers are then required to hold approved goods until the buyer requests delivery. Suppliers also have their own balance sheet metrics to worry about.

Vendor Strategies 52

Vendor Strategies Inventory Reduction Inventory Optimal Sourcing 52

Supply Chain Game Changer

JUNE 2, 2020

In each of these circumstances, the sourcing teams had to not only grapple with unprecedented external business challenges, but itself had to transform to allow for success of the enterprise. From the early days of my career, the purchasing and manufacturing function has changed both from the inside-out and from the outside-in.

Sourcing Strategies 61

Sourcing Strategies Material Savings Price Reduction Cost Reduction Strategies 61

Supply Chain View from the Field

JANUARY 14, 2015

Such systems are also instrumental in establishing aligned tactical and strategic performance metrics systems that drive improved economic outcomes (Bendoly et al., They have been touted as the key to manufacturing excellence and supply chain integration… But what is the real ROI on ERP system implementation?

Manufacturing Procurement 60

Manufacturing Procurement Negotiating Skills Purchasing Skills Procurement Analytics 60

Supply Chain Game Changer

MAY 18, 2021

This must include the active management of highly visible metrics and measures associated with nature impacts in most industries. This must also include all levels of the extended Supply Chains for all companies, not just a company’s in house operations.

Supply Chain Design Software 64

Supply Chain Design Software Supply Chain Design Supply Chain Strategy Supply Chain Software 64

Logistics Bureau

SEPTEMBER 28, 2020

In its simplest form, fourth-party logistics is a model in which manufacturers hand over the entirety of the organisation and oversight of their supply chain to a 4PL provider. the digitisation of manufacturing. Unlike a 4PL, however, it won’t manage the paint maker’s entire supply chain. What is 4PL? What is 3PL?

Logistics Network Optimization Software 96

Logistics Network Optimization Software Supply Chain Design Software Supply Chain Planning Software Company 96

Logistics Bureau

OCTOBER 28, 2020

Confusing Strategic with Single (Sourcing). Single sourcing is a supply chain trend which can easily lead to mistakes for small and medium-sized businesses, especially if it’s chosen as a strategy without regard to the potential risks. The pandemic starkly highlighted the need for companies to have back-up suppliers.

Supply Chain Planning Software 69

Supply Chain Planning Software Supply Chain Software Inventory Management Software Inventory Reduction 69

Precoro

FEBRUARY 27, 2023

Spend analysis is a crucial part of the broader business practice of spend management because a clear picture of the company's expenditures is essential for fact-based decisions in strategic sourcing and supplier management. It also reveals insights about suppliers and the terms business is conducted under.

Analysis 52

Analysis Purchasing Skills Optimal Sourcing Procurement Analytics 52

Supply Chain Game Changer

SEPTEMBER 6, 2022

They performed some light manufacturing activities to transform those materials into products that were ready for sale in retail, through a variety of channels. Some of the materials were sourced and managed by the customers. Still the sourcing and supplier management of other materials was delegated to our facilities.

Optimal Sourcing 80

Optimal Sourcing Supply Chain Optimization Global Supply Chain Planning 80